Economy & Business - March 2010 (ISSN 1741-7430)

OIL: Brazil kicks oil royalty debate into long grass

Commodities 31 March 2010 Modified: 31 March 2010 296 views

On 18 March President Lula da Silva hinted that congress should not make any immediate decision on the proposed new scheme for the division of oil royalties between oil producing states and the rest of the country. He wants congress to wait until after the October general elections, or even until the next government takes office in January 2011.

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